House in the US passes debt-limit legislation ahead of 5th June default deadline

House in the US passes debt-limit legislation ahead of 5th June default deadline.

The bill would eradicate the hurdle of another default crisis for the rest of Joe Biden’s term, suspending the debt ceiling until 1st January 2025.

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Representatives from both parties joined to pass the bill with 314-117 on Wednesday evening.

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The vote solidifies Biden’s reputation for pragmatism and working across the party lines.

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